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Copper Creek mine

Coordinates: 32°45′34″N 110°28′47″W / 32.7595°N 110.4798°W / 32.7595; -110.4798
From Wikipedia, the free encyclopedia
Copper Creek Mine
Location
Pinal County, Arizona
CountryUnited States
Owner
CompanyFaraday Copper Corp.
Websitehttps://www.faradaycopper.com

As of 2023, the Canadian mining company Faraday Copper is planning underground and open mining in the area. The company purchased the Mercer Ranch for $10 million in March 2023, acquiring 6,000 acres (2,400 ha) adjacent to Copper Creek.[1]

The Copper Creek Project is a ~65 square kilometre property, 100% owned by Faraday Copper Corp.[2] The project is located in Pinal County, Arizona, approximately 80 road kilometres from Tucson, Arizona.

Copper Creek is a large, undeveloped project, which hosts multiple breccia and porphyry copper deposits. The results of a Preliminary Economic Assessment (“PEA”) were released by the company in a news release dated May 3, 2023. The PEA[3] contemplates an open pit mining followed by an underground operation over a 30+ year mine life.

References

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  1. ^ Brean, Henry (May 15, 2023). "Two new mine proposals draw scrutiny in Southern Arizona" (PDF). Arizona Daily Star.
  2. ^ "Faraday Copper | Mineral Exploration & Project Development". faradaycopper.com. Retrieved 2023-06-20.
  3. ^ "Faraday Copper Announces PEA for Copper Creek with NPV US$713M and 4.2 Billion Pounds of Measured and Indicated Copper Mineral Resources". faradaycopper.com. Retrieved 2023-06-20.
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32°45′34″N 110°28′47″W / 32.7595°N 110.4798°W / 32.7595; -110.4798